World’s Biggest Tech Company, Not Microsoft!

Think Microsoft is the world’s biggest tech company. That’s so last month.

Apple shot past Mr. Softy as the world's biggest tech company in May, at least as measured by market cap.

At $247, Apple’s market value has now touched $225.1 billion and ahead of Microsoft's $222.7 billion, according to Reuters data.

(Market cap = shares prices x shares outstanding)

That makes the house of Steve Jobs the second-largest company on the S&P 500 index by market value, behind energy behemoth Exxon Mobil.

As you may remember earlier in the year they surpassed Walmart . It’s just the latest milestone in the resurgence of the maker of the iPhone, which nearly went out of business in the 1990s.

Can the stock possibly climb much more?

I think it can, says Joe Terranova. With all their must-have gadgets they practically own the future.

It's an amazing milestone, adds Karen Finerman. But don't think about it as a tech company. Apple is really more of a consumer products company.

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